Regis Resources agrees to buy Vault Minerals in an all-share transaction, combining the two Australian gold miners into a larger producer. Bloomberg reports the deal values the combined company at about A$10.7 billion (US$7.7 billion). The West Australian describes the transaction as a “merger of equals,” with a deal size of $5 billion-plus, and says the combined operation is positioned as a roughly 700,000 ounces per year gold producer. The reports agree on the core structure—an all-share combination of Regis and Vault—and frame it as creating a more substantial gold miner. While the outlets differ in how they present the overall valuation—one focusing on the combined enterprise value and the other on the headline deal value—the coverage is consistent that the companies are moving forward with a joint plan to consolidate their assets and operations. The agreement is intended to result in a new, larger gold mining group with an annual production target cited in one of the reports.